FLO organised a full-day conclave on MSMEs & Inclusive Growth

Hyderabad, June 24, 2024: FICCI Ladies Organisation(FLO) organised a day-long conclave on MSMEs & Inclusive Growth in a city hotel in Necklace Road on Monday.
 
It was formally inaugurated by Joyshree Das Verma, National President of FLO who was the special guest at the inaugural along with the current and past chairpersons of FLO
 
Dr Sridhar Babu who joined immediately after the inauguration said no world exists without women. He complimented all the women in the hall for all they have been contributing to the industrial growth of the State.
 
The TG Government is committed to TS industrial growth and every sector of our governance. The governments come and go, but continuity of policy is important. Our government will continue all the rightful policies of previous governments in the best interest of the industry, he said
 
We were the first to identify the potential of IT in 1992 and laid the foundation for the Software Technology Park of India, he shared.
 
TG Govt to come out with States’ first MSME Policy which will be placed in the next assembly session the IT Minister D. Sridhar Babu announced. He sought industry suggestions in its policy drafting. The work of the same is underway. This policy will focus on the inclusive growth of the MSME sector. We want inclusive growth of MSMEs. We will strengthen them, he told the audience
 
He highlights the importance of skills and the availability of a good pool of skill sets in the state. And to augment further we will soon come out with Skill University on the lines of ISB which will be managed and run by the industry, he added.
 
It will also have a digital focus as that will be the future to enhance digital skills and capabilities of the future workforce, he added.
 
We have 200 GCCs (Global capability centres) in the state and more are expected, he added.
 
We will transform our IT industry from software development to finished products industry, Sridhar Babu said. Coding may soon become obsolete, he opined.
 
The Y2K scenario which we witnessed in the year 2000 will be repeated in the case of AI where our people like in the Y2K dominate by offering their services, the IT Minister added.
 
We aim to make Hyderabad the future capital of AI. It will have a special focus on MSMEs. The past brain drain will be reversed in this case, he added.
 
Another major announcement he made in response to a question was that the government is exploring possibilities of parallel rail connectivity along with the 320 km long RRR.
 
Joyshree spoke about FLO’s Journey: Catalyzing. growth and inclusivity for women entrepreneurs. Our vision is the growth and inclusivity of women entrepreneurs in India.
 
Joyshree further said MSMEs are contributing 30% of India’s GDP and 45% of manufacturing output and generating 11 crore employment.
 
A MoU was inked between FLO & Ni-MSME and the same was exchanged by Smt Joyshree Das Verma and Dr Glory Swarupa, Director-General ni-msme.
 
Giving her welcome address Priya Gazdar, Chairperson of FLO Hyderabad Chapter said as we all know, MSMEs play a pivotal role in economic development. Globally, MSMEs account for over 90% of businesses and more than 50% of employment. This sector's ability to create jobs, foster innovation, and drive economic diversification is unparalleled.
 
FLO Hyderabad Chapter is proud to have facilitated the MoU between FLO National and nims-may, the pioneering and only-of-its-kind central government institution in India for capacity-building, skill-upgradation, research and entrepreneurship development, focused solely on the SME sector. She thanked Nims-may and Director-General Dr. Glory Swarupa for joining hands with FLO to further the cause of women in MSME.
 
Followed by an inaugural panel discussion held on Women-led MSMEs: Opportunities, Challenges and Expectations. The Panelists were Dr Glory Swarupa, Director-General ni-mane; Sita Pallacholla, CEO of We-Hub; Vatsala Mishra, Director-MSME & Retail, Govt of Telangana. It was moderated by Priya Gazdar.
 
The Panelists shared relevant policies, schemes, support etc and RAMP —"Raising and Accelerating MSME Productivity", a Central Sector Scheme by the Ministry of Micro, Small & Medium Enterprises. The scheme aims to scale up the implementation capacity and coverage of MSMEs in the States, with impact enhancement of existing MSME schemes.
 
Women have much more capabilities than PPP-Pickle, Papad, and Petticoats. They are into precision engineering and others added Dr Glory Swarupa.
 
In a fireside chat Kishore Kedari, Head of Production, Arka Media Works and Rajeev Ranjan, Co-founder & COO, Spirit Media spoke on the big picture: the role of small businesses in film and media.
 
About 150 people participated in the conclave.